[an]

[quote=UCGal]Going back to the points in the article linked in the OP. I’ve worked in “open office” environments, and in environments where there is some privacy for individual workers – even if it’s just 5′ cube walls.

I much prefer the privacy environment.

If you want to collaborate – get a conference room or hang out on the comfy furniture in the lobby… But when I have a deadline, I don’t need chit-chat, I need to be able to concentrate.

I guess that’s the INTJ side of me.[/quote]
There are a couple if INTJ in your team and they seem to thrive in our lab environment. I never heard them complain. I myself am ENFJ and I like the open environment.

[an]

[quote=UCGal]It shows on redfin as active, also.

http://www.redfin.com/CA/San-Diego/10226-Black-Mountain-Rd-92126/unit-73/home/4855368%5B/quote%5D
Here’s all active condos in MM: linky

Here’s all active in MM:linky

[an]

[quote=flu][quote=AN][quote=AN][quote=AN]Right now, there are only 18 SFR and 5 condo for sale. The supply is pretty horrible right now.[/quote]
Spring hasn’t even started yet and it looks like inventory has already gotten worse. Now, there are only 16 SFR and 4 condo for sale today (active).[/quote]SFR went up to 22 but condo went down to 0. It’s official, no condo for sale in MM ATM.[/quote]

Wow. That means someone bought that 1/1 we talked about being ridiculously overpriced of $174k on the east side.

Time to prepare my condo for sale… Maybe some sucker… Err… I mean “investor” will pony up $250k+??? Just kidding…Sort of….

BTW: I’ve signed up the purchase list on the pardee community in MM…Don’t know why, but hey at least I’ll have the option.

*edit*.. AN, I think the data mining that you’re doing might be leaving some out… It seems like the $174 overpriced condo is still active… Drat!

http://www.sdlookup.com/MLS-130005669-10226_Black_Mountain_Rd_73_San_Diego_CA_92126%5B/quote%5D
I’m using redfin and I filter out all pending and only have it show active listings.

[an]

[quote=craptcha][quote=AN][quote=craptcha]Expanded quote, from your link

If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.[/quote]IIRC, the first internet got funded through defense. Aren’t we talking about cutting defense budget?[/quote]

The Internet is already invented and we don’t need to invent it again.

Also, defense budget is not entirely used on DARPA. It also pays for Duke Cunningham’s Del Mar house and few other minor expenditures. Do you want to know how much you pay to have a Navy officer reassigned from Miramar to Germany for a year and have his family (and his truck and his dog) keep him company during that year?[/quote]But we can keep on pumping more money into government and we’ll get .com v3.0 and v4.0.

[an]

[quote=AN][quote=AN]Right now, there are only 18 SFR and 5 condo for sale. The supply is pretty horrible right now.[/quote]
Spring hasn’t even started yet and it looks like inventory has already gotten worse. Now, there are only 16 SFR and 4 condo for sale today (active).[/quote]SFR went up to 22 but condo went down to 0. It’s official, no condo for sale in MM ATM.

[an]

[quote=craptcha]Expanded quote, from your link

If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.[/quote]IIRC, the first internet got funded through defense. Aren’t we talking about cutting defense budget?

[an]

I wasn’t trying to say that wage rise as fast as inflation or treasury yield. What I’m saying is housing price didn’t crash when rates went up. Also keep in mind that if you have FRM and not ARM, even if your income doesn’t match inflation, if your income increases in nominal terms, you’re paying back your mortgage w/ ever devalued dollar. Which is a good thing for you. It will only suck for those who are not owners.

[an]

[quote=SD Realtor]I would say though that housing is a payment based purchase. You don’t care about the price (as long as prop tax is only 1%) but if you cannot crack that payment each month you are screwed.

A 600k 80/20 loan payment for a couple making 125k at 3.5% is one thing but quite different at 8%.[/quote]
I agree most people only care about monthly payment. But you have to keep that into perspective as well. IIRC, we’re at or near an all time low in term of monthly payment. I don’t see rates going from 3.5% to 8% without massive economic and nominal wage growth. TPTB won’t let that happen. If you think that they’ll have no choice, what make you think rate will stop at 8% and what make you think wage won’t rise around that level? Rate doesn’t act in a vacuum.

[an]

SDR, my point is that, there are many ways things could play out and in the past rates and price didn’t move together inversely. It doesn’t mean that it won’t in the future. It just means it didn’t in the past and I admit my crystal ball is broken so I have no idea if it will or will not in the future. I was just pointing out what happened in the past.

[an]

[quote=SD Realtor]I agree with the surfboard snark.

Keep dreaming about unemployment spikes and inventory coming back.

You have 1 hope. Interest rates, plain and simple.[/quote]
I wouldn’t 100% count on interest rates either. It depends on why interest rates went up. If the reason is like the 70s, good luck trying to catch the nominal price.

[an]

Looks like it’ll continue to get hotter here: http://finance.yahoo.com/q?s=qcom&ql=1. Will it be unbearably hot like BG have stated?

[an]

[quote=spdrun]Jeez, what’s the big deal about snail mail? Even if you don’t live a block from a post office as I do, you can always drop the thing in the outgoing pile at the office. Cost of a stamp is chump change w.r.t. the cost of a mortgage.[/quote]
uh, because its 2013 and not 1993.

[an]

I have loan with both Provident, Interbank, and Caliber funding. They all are still stuck in 2000 in term of technology, but it’s not too bad. I just have my Chase account send them a check every month on the same day, so, I don’t have to do anything manual. Someone said Interbank doesn’t have a website… here it is: https://carenet.fnfismd.com//loanadmin/dmi_interbank.htm

[an]

[quote=spdrun]

we all were bears in 2005 and it saved out butts, but if you were a RE bear early last year, you’ve missed a huge run up. That’s the difference between perma-bear and a realist.

Depends where. Both accepted offers in SD that I have were made in Oct-Nov of last year, accepted in Dec, and are at prices only marginally higher than those of late 2011. Speaking of home, the NYC/NJ area still has plenty of shorts and fork-losers ready to pop, and prices haven’t appreciably changed from last year. There’s still plenty of opportunity to acquire rental property if one is smart and flexible.[/quote]
where are these properties? What’s considered marginal?

[an]

[quote=flu][quote=The-Shoveler][quote=flu][quote=CA renter]C’mon, flu. Share your thoughts. :)[/quote]

I’m throwing down the white flag here. RE prices are going higher. I can’t float with good cash flow at this point. Sucks that I didn’t buy more. Also, equity markets are going to float higher…Sucks to be in cash 40% too instead of previous 90%…

My last option is to buy a new primary..Which I will have to wait. Higher end homes haven’t gone *that* much higher, but at the same time neither has my budget.

No point wasting my time thinking RE prices are going to fall or correct in a meaningful way. Gotta think of other areas/ways to generate income.

Sometimes the biggest hazard to one’s wealth is one’s own pessimism….so I’ve learned.

Missed the boat bigtime…Oh well.[/quote]

Sometimes it can save your Butt too.[/quote]

There’s a huge difference between passing up risk sometimes, and being a perpetual perma-bear….[/quote]
we all were bears in 2005 and it saved out butts, but if you were a RE bear early last year, you’ve missed a huge run up. That’s the difference between perma-bear and a realist.

[Author]

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